https://www.taxtmi.com/caselaws?id=197803 Unearned increase on an industrial plot is computed by reference to the market value on the date of a complete and valid application for permission to sell, not the later date on which permission is actually granted. The note explains that the lessor's transfer policy and lease conditions require prior consent, but administrative delay cannot be used to inflate the demand. It also states that the ten-year holding period runs from the effective commencement of the lease, and that deemed approval principles under the Delhi Building Bye-Laws treat a completion notice as effective when no timely refusal is issued. The governing principles are that a party cannot be required to do the impossible and cannot take advantage of its own wrong. en-us Tue, 05 May 1998 00:00:00 +0530 Tue, 16 Jan 2018 13:06:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197803 Unearned increase on an industrial plot is computed by reference to the market value on the date of a complete and valid application for permission to sell, not the later date on which permission is actually granted. The note explains that the lessor's transfer policy and lease conditions require prior consent, but administrative delay cannot be used to inflate the demand. It also states that the ten-year holding period runs from the effective commencement of the lease, and that deemed approval principles under the Delhi Building Bye-Laws treat a completion notice as effective when no timely refusal is issued. The governing principles are that a party cannot be required to do the impossible and cannot take advantage of its own wrong. Case-Laws Companies Law Tue, 05 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197803